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FIRST NAT. BANK OF FT. WALTON B. v. UNITED STATES F. & G. CO.

No. 27148.

416 F.2d 52 (1969)

FIRST NATIONAL BANK OF FORT WALTON BEACH, Plaintiff-Appellee, v. UNITED STATES FIDELITY AND GUARANTY COMPANY, Defendant-Appellant.

United States Court of Appeals Fifth Circuit.

September 17, 1969.

Attorney(s) appearing for the Case

D. L. Middlebrooks, Harrell, Caro, Middlebrooks & Wiltshire, Pensacola, Fla., for defendant-appellant.

Roderic G. Magie, Beggs, Lane, Daniel, Gaines & Davis, Pensacola, Fla., for plaintiff-appellee.

Before WISDOM and MORGAN, Circuit Judges, and DAVIS, Judge of the U. S. Court of Claims.

DAVIS, Judge:

Plaintiff-appellee, First National Bank of Fort Walton Beach (Bank), sued defendant-appellant, United States Fidelity and Guaranty Company (USF&G), claiming a right to indemnification under a Banker's Blanket Bond, in force between the Bank and USF&G, for losses incurred on a loan by the former. The District Court for the Northern District of Florida awarded the Bank $57,130.70, plus attorney's fees of $5,713.00, and the defendant has appealed...

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